April 7 (Reuters) - Spain's Telefónica said on

Tuesday it will sell its Mexican businesses to a consortium in a

deal that values the operations at $450 million, as the telecom

operator looks to exit its non-core businesses and focus on

consolidating in Europe.

* Telefónica is selling the business to Melisa Acquisition,

a consortium led by telecom tech firm OXIO and asset manager

Newfoundland Capital Management.

* An exit from Mexico had remained complex due to a dispute

over tax arrears worth about $250 million that was being

litigated at the country's Supreme Court.

* The company has already shed units in Chile and Colombia,

and only Venezuela remains out of Telefónica's non-core

businesses in Latin America.

* CEO Marc Murtra said in January the roadmap to exit

Venezuela was unchanged despite the U.S. ouster of President

Nicolas Maduro.

* Telefónica is looking to focus on its core markets of

Spain, Brazil, Britain and Germany, and envisions deals that

would largely depend on EU regulators taking a softer line.

* The slew of Latin American asset sales hit Telefónica's

balance sheet in 2025. It posted a net loss of 4.3 billion

euros, partly due to the sale of businesses in Argentina, Peru,

Ecuador and Uruguay.

(Reporting by Carlos Méndez in Mexico City)